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Midland Property Tax Values and Property Tax Protest Facts

Thanks to a booming petroleum industry, Midland County has seen an economic renaissance in recent years. In 2024, the county saw its property values reach a combined $56.73 billion, mostly thanks to $33.78 billion in oil and gas properties. Whether it is homes or businesses, one of the best ways to lower property taxes is to use appeals, which challenge the values prescribed by the Midland Central Appraisal District  (MCAD). Join O’Connor’s Property Tax Protection Program™ today and get support in your property tax appeal. Enroll, relax, and save.

Total Market Value Midland CountySource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.

Billions of $
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
$ Total Market Value 23.355 24.664 26.022 26.297 30.914 41.986 42.842 41.374 54.670 63.636 56.730
Single Family 7.759 8.568 9.004 9.512 10.397 11.931 12.383 13.370 14.125 15.288 15.480
Multi-family 0.661 0.711 0.771 0.791 0.987 1.351 1.517 1.439 1.955 2.386 0.208
Commercial 3.519 4.153 4.279 4.152 4.600 5.518 5.809 5.406 5.594 7.220 7.267
All Other 11.416 11.232 11.969 11.842 14.931 23.186 23.133 21.158 32.996 38.742 33.775

Texas property owners should protest annually As part of maintaining their property, like a HVAC checkup.

Midland County Property
Tax Trends

The only way to lower property taxes in Texas is through exemptions and property tax protests. While taxes and tax rates cannot be challenged, lowering taxable value through exemptions and protests does lower the number that they can be applied to. Exemptions and appeals work well in tandem, often getting the best results when used together. O’Connor can help you with protest support, and has been doing so for over 50 years. Get help from one of the nation’s top firms, with no upfront costs. You only pay if your taxes are lowered.

MCAD Total Market
Value of Property

Since 2014, the property value of Midland County has doubled. While 2023 was the record high of $63.64 billion, 2024 was close behind with $56.73 billion. Unlike many other Texas counties, Midland’s value has fluctuated over the years, with several peaks and valleys, though always in an overall growing trend. This type of cyclical nature is not unusual for a county built so much on a particular industry.

Midland lives or dies on the oil industry, and the county’s fortunes can ebb and flow based on this. In 2024, oil, gas, and other industrial properties combined for a value of $33.78 billion. This was down from the 2023 total of $38.74 billion. This is why the overall total retreated. Single family homes totaled $15.48 billion, while commercial real estate achieved $7.27 billion. $208 million was thanks to apartments and other multi family housing.

Property Value Reduction By Type of Appeal Source: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.

Billions of $
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total 0.446 0.492 0.452 0.479 0.361 1.296 2.231 2.331 1.504 1.606 2.17
Informal Appeal 0.365 0.406 0.206 0.252 0.153 1.035 1.916 1.710 0.907 1.033 1.159
Formal ARB Determination 0.0540 0.0640 0.2330 0.2100 0.1880 0.2370 0.2850 0.6030 0.5410 0.4790 0.5420
Judicial Appeal 0.0270 0.0220 0.0130 0.0160 0.0200 0.0240 0.0290 0.0180 0.0570 0.0950 0.4640

Texas property owners should protest annually since Texas law requires property owners to protest to get information on their property and comparable sales in the area. This information is free and available upon request via U.S. mail (once you file a protest).

MCAD Value Reduction By
Type of Appeal

Property values and their corresponding taxes can be lowered by three different types of appeal. Informal protests are appeals directly to MCAD, while formal appeals are in front of the appraisal review board (ARB). After those two levels, there is litigation, headlined by judicial appeals. There are other forms of litigation as well, including binding arbitration. These protests help correct errors, cut values, and keep MCAD honest.

Informal appeals were the No. 1 reason that $2.17 billion in total value was reduced. Accounting for $1.16 billion, informal protests had their best year since 2022. $542 million was reduced thanks to formal appeals. Judicial appeals thundered to a new record of $464 million reduced. Litigation is focused almost exclusively on businesses, so this large cut was certainly thanks to oil and gas properties that were successfully lowered thanks to lawsuits.

Total Property Tax Savings All Protests and AppealsSource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.

Millions of $
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
All Property Types 9.37 10.33 9.48 10.06 7.59 27.21 46.84 48.96 31.58 33.73 45.47
Single Family 1.89 1.19 3.37 3.61 3.59 2.37 1.16 1.93 1.20 0.97 1.26
Commercial / All other 7.48 9.14 6.11 6.45 4.00 24.84 45.68 47.03 30.38 32.76 44.21

Texas property owners should protest annually since Because it is the surest way to reduce property taxes.

Total MCAD Property Tax Savings
By Property Type

Taxpayers across Midland County were able to shed $46.47 million in taxes thanks to various types of protests. This was the third-most in the county’s history, with 2021 taking the all-time spot. Much like overall property values, the levels of cuts were highly weighted in favor of what oil and gas properties were doing at the time. The boom-and-bust cycle is something that all residents of an oil county expect.

It is not surprising that businesses accounted for most of the tax savings. $44.21 million came from businesses alone. This was a huge jump over the $32.76 million reduced in 2023, and the third highest on record. Homes accounted for $1.26 million in savings, the most since 2022. While businesses usually save more than homes, the large gulf between the two in Midland is unusual, demonstrating the power of the petroleum industry.

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